He also added that progress is being made on agreements “to see how we can help Argentines by the end of the year. We are seeing what we can do.”
For its part, elms He referred to what the Government thinks regarding measures to contain inflation. Last Thursday, the Minister of the Interior, Eduardo “Wado” DePedro publicly confirmed that Serge Massa, with the vice president Cristina Kirchner, They evaluate the payment of a fixed sum for workers in a dependency relationship to alleviate inflation.
Bonus for workers: what the Government analyzes for the end of the year
Speaking to Radio Futurock last Saturday, Kelly Olmos explained that “wages contribute to inflation in terms of expectations. It all depends on the context. Only the dogmatic can think that there is a unique answer”, expressed the official.
Along these lines, he confirmed that the Government is thinking of paying a year-end bonus, which would reach formal workers, in principle. The proposal is added to the payment of other benefits for informal workers and those vulnerable sectors that are not reached by any of the social benefits.
“There is no talk of a fixed sum, but of a year-end bonus”, clarified the Minister of Labor before the consultation. Therefore, Olmos confirmed that the idea of paying an end-of-year bonus to workers “is on the negotiating table,” since it is “one of the instruments that we have as alternatives” to counteract the impact of inflation on wages, he noted.
This possibility, even discussed from the management of Martin Guzman, had been ruled out by the “fat men” of the CGT who requested the reopening of parity. However, within trade unionism there were also differences.
RAQUEL KELLY OLMOS.jpeg
@Radio10
“We are working on different mechanisms, such as the parity, which is working vigorously”, said the official. “The results of the latest negotiations have been satisfactory. If necessary, other instruments will be used”, referring to the payment of a bonus as part of the range of possibilities or “instruments” to strengthen purchasing power.
On the other hand, the Minister of Labor considered that “neither a fixed amount nor a joint sum reaches the informal sectors,” she added. In this sense, she stressed that “this is the main problem we have with those sectors” since “they need other instruments”, he explained, in relation to measures for workers in the informal economy.
wages vs inflation
According to a recent study by Fundación Libertad y Progreso, the average wages of the economy since December 2019 increased 31 percentage points less than the Basic Food Basket (CBA)which defines the indigence line.
The survey, carried out based on data from INDEC and the Ministry of Labor, indicated that “between December 2019 and July 2022 (latest data available) salaries increased 197%while the CBA did it 228%“.
The report added that the sector that had the most deterioration in their income “were unregistered private workers, who had an increase in their salaries of 171% and registered workers who receive the Minimum Vital and Mobile Salary (SMVM) that grew 170% “.
“In both cases, the difference with the increase in the CBA is around 60 percentage points,” the study noted.
The sector that was least affected was that of registered private workers, who had an increase of 203%, and wage earners in the public sector, who improved their salaries by 201%.
The Average Remuneration of Stable Registered Workers (RIPTE), increased 206%, 22 points less than the Basic Food Basket.
If this bonus materializes, The Government would give further aid to wages in addition to a series of measures already taken such as the $45,000 bonus for the indigent, price control – through Fair Prices – and Now 30.
Source: Ambito
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